SSANGYONG MOTOR CO. TO EXTEND SUSPENSION OF ITS LOCAL PLANT

Highlights –

• SsangYong Motor Co. to extend the suspension of its local plant.
• The extension comes due to a lack of parts from contractors.
• The troubled car company has received a two-month suspension to pay its debts to its creditors.
• The car company’s India parent firm Mahindra & Mahindra Ltd. will be selling its controlling stake.

On Tuesday....